Heard v. National Bank

The National Bank of Wilkes brought suit against J. E. Heard on a promissory note dated September 3, 1912, for $200, with interest at eight per cent., due April 1, 1913, payable to the order of the maker, and indorsed by him. The defendant-pleaded, that the note was given for ten shares of stock in a corporation known as the Southern Beverage Company of Augusta, Georgia; that it was sold to the defendant by traveling salesmen traveling for the purpose of making such sales; that it did not have expressed upon its face the consideration or kind of stock for which it was given, as required by…